Policies·pe_camisea_gas_project_2004

Camisea gas project inauguration 2004

PER·2004 – ·enacted 2004-08-09·Perú Posiblecandidate

movesenergy supply security↑spending level↑

What the policy did

9 August 2004 inauguration of Camisea natural-gas fields (Block 88, Cusco). Pluspetrol-led consortium (Pluspetrol, Hunt Oil, SK, Tecpetrol, Sonatrach). Reduced LNG import dependency; IDB+EximBank financing. Basis for Peru LNG (2010) export project under García.

Policy-content fingerprint — what this policy moved, on which axes

Per invariant 3, reforms are scored by what they did on each channel-separated axis, not by the party that enacted them. This fingerprint is how the policy-match engine finds historical analogues.

intended

↑

energy supply security

regulatory.energy_supply_security

Policy posture toward energy supply security — domestic production capacity, import diversification, strategic reserves, nuclear stance, fossil-fuel mix discipline.

increased · strong

higher supply-security posture (diversified, strategic reserves)

Reduced LNG import dependency; domestic gas base.

↑

spending level

fiscal.spending_level

General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.

increased · weak

higher spending share

Royalties + canon gasífero revenue flow.

Enacted by

peru_toledo_pp_2001_2006

Empirical evidence — linked hypotheses

Explicit links are curated by the author. Inferred links are hypotheses in the library that test the same axes this policy moved — the framework's answer to "what does the data say about a policy like this?".

Large welfare states sustain long-run real GDP per capita growth when paired with market flexibility (low product- and labour-market barriers), trade openness, and fiscal discipline (debt-to-GDP below 90%), but not when paired with rigid product and labour markets, in an OECD and rich- country panel 1980-2020.

welfare_state_market_flexibility_complementinferred

viafiscal.spending_level

PARTIAL — coef=+3.308e-18, p=0.653; effect magnitude effectively zero

partial

Truss 2022 mini-budget shows that unfunded fiscal expansion above the ZLB triggers sharp bond-market and currency responses through expected-inflation and risk-premium channels.

unfunded_fiscal_expansion_above_zlb_bond_market_responseinferred

viafiscal.spending_level

SUPPORTED — GBP/USD trough on 2022-09-26 (1.0703) was 5.02% below the 2022-09-22 pre-announcement close (1.1269); log-decline +0.0515 clears the 3.0% threshold …

supported

German industrial gross value added, manufacturing output, and real household income diverged materially from a synthetic-Germany donor- pool counterfactual over 2018-2025, and a variance decomposition across candidate channels attributes the majority of the divergence to regulatory-channel factors (Environmental Policy Stringency index increase post-2017, nuclear-phase-out schedule, single-supplier Russian gas dependency lock-in, industrial emission and reporting rules) rather than to fiscal-channel factors (general government consumption and tax burden were broadly stable across the Merkel late-term and Scholz years, with the debt brake in effect until 2023).

germany_decline_2018_2025_regulatory_not_fiscalinferred

viaregulatory.energy_supply_security

partial — DEU below synthetic by -0.251 cumulative over 2018-2022 (sign correct), but magnitude or placebo p=0.36363636363636365 below pre-registered thresholds…

partial

UK GDP per capita (PPP, constant international dollars) diverged negatively from a matched synthetic counterfactual of similar-income anglophone/developed economies (USA, CAN, AUS, NZL, DEU, NLD, CHE) starting around 2008 and widening post-2016 (Brexit referendum).

uk_economic_decline_multi_movementinferred

viafiscal.spending_levelregulatory.energy_supply_security

INCONCLUSIVE_DATA_PENDING — treatment 'uk_post_2008' has no within-country variation under country fixed effects

run pending

Fiscal multipliers are state-dependent: large at ZLB, small near full employment; no single-number answer is policy-relevant.

fiscal_multipliers_state_dependentinferred

viafiscal.spending_level

REFUTED — sign - OPPOSITE claim +, cumulative_effect=-1.569, h=5, p_h=0.0155

refuted

The Soviet central-planning system, having already exhibited TFP stagnation 1970-1989, underwent a canonical institutional and economic collapse 1989-1998 as plan-enforcement was withdrawn without functioning market institutions in place.

soviet_union_central_planning_gdp_collapse_1989_1991inferred

viafiscal.spending_level

INCONCLUSIVE_DATA_PENDING — no outcome variable loaded; missing: ['derived: count of canonical_metrics with threshold met']

run pending

UK Truss mini-budget 2022 gilt crisis reflected market confidence and institutional-framework rupture rather than an MMT-predicted hard fiscal limit, because the BoE restored order by intervening as issuer.

uk_truss_mini_budget_currency_sovereign_mechanisminferred

viafiscal.spending_level

partial — Both mechanism legs are directionally consistent but at least one fails the SUPPORTED threshold: FX leg holds (5.02% trough decline); yield leg partia…

partial

Policy-driven nuclear phaseouts produce a three-order causal chain.

nuclear_phaseout_energy_cost_industry_exitinferred

viaregulatory.energy_supply_security

PARTIAL — mean_gap=+0.04357, |gap|/pre_sd=8.7, p_perm=0.25; claim direction ambiguous

partial

Similar historical policies

Ranked by axis-fingerprint overlap with this policy. Direction match bolded — those are the closest historical analogues. Shape of the match is what drives policy-outcome comparison, not the country or party label.

Sonangol oil enclave governance

AGO·1976

match

1.5

spending levelenergy supply security

Hydrocarbons nationalisation

DZA·1971

match

1.5

spending levelenergy supply security

Rooppur Nuclear Power Plant (Rosatom-financed)

BGD·2017